Strategic planning can aid a nonprofit in achieving its objectives. A plan will help a nonprofit as it assesses its resources and potential problems. A strategic plan will also outline the aim, and organizational goals and serve as a roadmap for the nonprofit as it works to fulfill its mission.
Through strategic planning, an organization decides what it wants to accomplish in the future, what steps the organization takes to fulfill these goals, and what resources, such as personnel, funds, and facilities, are required to accomplish these goals. Organizations that are in business to make a profit and nonprofit organizations can benefit from the planning process.
Why Is Planning Necessary?
Strategic planning enables nonprofit organizations to make the best use of human and financial resources. Expenditures are prioritized based on assessments of their impact on improving the service quality. Nonprofits are frequently asked to provide a strategic plan to large potential donors, similar to how businesses present their plans to venture capital sources. The strategic plan serves as a guide for the nonprofit’s management group, ensuring that all team members are working toward the same goals with the same priorities.
Who Should Take Part?
The executive director, senior staff members of the organization, and the board of directors should be involved in the strategic planning process. Representatives of the client groups served by the organization, and key donors, may be consulted. Strategic planning works best when organizations can freely exchange ideas and solicit input from everyone who has a stake in the organization’s success.
Identifying blueprint elements that help organizations achieve their goals is nonprofit strategic planning. It necessitates that your organization develop goals and objectives and make decisions about how to achieve them.
Creating a strategic plan is not a linear process; it is more akin to a flow chart because each element is linked to another and results in a unique outcome. For example, after you have completed your website and begun collecting email addresses via lead capture forms so the organization can increase email outreach. You can only expand your programming once your fundraising has improved. And, with marketing tools, you can only enhance fundraising by stewarding donors and developing relationships.
Establish Your Mission
Every charity has a purpose. The nonprofit’s mission serves as the foundation for its existence and the principal guide for all of its decisions. A mission statement for a nonprofit will outline the organization’s goals. An objective statement ought to be specific, identify the beneficiaries, and be succinct while defining your organization’s goal.
An effective mission statement comes about by soliciting feedback from others, including those involved in the nonprofit’s founding, subject-matter experts, and the people it will serve.
Create Objectives and Goals
Setting goals and objectives is the next step after the nonprofit has established its mission. The nonprofit’s overarching mission splits into more specific objectives. For instance, if a nonprofit’s mission is to assist underprivileged students in attending college, one of its goals might be to offer scholarships, a high school tutoring program, or help with college applications.
Prepare Your Homework
Building a successful nonprofit requires doing extensive research on its needs. Nonprofit organizations should evaluate internal and external factors that could affect the organization’s success or failure. Nonprofit organizations ought to think about these questions:
· Do nearby organizations provide comparable services?
· How many people will utilize the service; Staff expertise; Necessity of staff and volunteer training?
· Will donors and grants provide enough money for the organization?
· whether the nonprofit possesses the required technology to function?
· What equipment does the company need to buy?
· Will volunteers show up?
Many of these questions can be answered by a nonprofit by gathering data through surveys or one-on-one interviews.
Following the gathering of both internal and external data, a strategic planning process must be used to analyze it. A common method of information analysis is SWOT analysis: Strengths, Weaknesses, Opportunities, and Threats.
· Strengths: Positive internal resources of an organization
· Weaknesses: Internal flaws in an organization
· Opportunities: externally focused, positive signs for the organization
· Threats: Adverse external factors to the organization
Participants can conduct a SWOT analysis on their own before comparing results, even though it is typically done in groups. Some organizations can better focus on their resources and assess their ability to pursue particular goals and objectives using a SWOT analysis.
Establish a Work Plan
A nonprofit can list specific tasks in a work plan, also known as an action plan. The work plan will include goals and deadlines for finishing a project. A work plan is a helpful tool for tracking progress and dividing tasks into smaller ones. For instance, a work plan will typically contain details about the goal, the time required to complete the tasks, and the person in charge of finishing the planned tasks.
Build the Plan
The nonprofit’s mission statement, objectives, goals, and evaluation of external and internal factors, a strategic plan, and a work plan, can be in the organization’s final plan. Using publishing software to incorporate graphs and illustrations, a nonprofit can subsequently produce a professional document that it can submit to donors.
The Bottom Line
Creating your business plan is just as important as your passion for starting your nonprofit. Understand that it’s okay if you do not know where or how to start when beginning such a journey. KM Clark Consulting Group offers professional nonprofit consulting services that will ensure you are taking the correct steps in the right direction toward success. To schedule your consultation, call (615) 225-8578 to get started. We are here to help you be the change your community needs.